Nelnet, Inc. (NNI)
NYSE: NNI · Real-Time Price · USD
127.78
-0.98 (-0.76%)
Aug 26, 2026, 4:00 PM EDT - Market closed
Nelnet Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 302.24 | 428.47 | 184.05 | 89.83 | 406.9 | 393.29 |
Depreciation & Amortization | 33.66 | 33.57 | 58.12 | 79.12 | 74.08 | 73.74 |
Other Amortization | 47.49 | 57.05 | 74.41 | 66.28 | 102.17 | 58.58 |
Gain on Sale of Loans & Receivables | -148.28 | -105.56 | -52.41 | -13.15 | -58.92 | -26.71 |
Loss (Gain) From Sale of Investments | 13.79 | -190.5 | -18.08 | 164.27 | -200.43 | -96.62 |
Asset Writedown & Restructuring Costs | 24.22 | 29.61 | 3.14 | 29.54 | 15.52 | 16.36 |
Provision for Credit Losses | 128.91 | 67.85 | 54.61 | 8.12 | 34.97 | -12.43 |
Stock-Based Compensation | 15.63 | 13.27 | 12.05 | 16.48 | 14.18 | 10.67 |
Change in Accounts Payable | -3.03 | -4.94 | -14.54 | -0.66 | 31.48 | -24.14 |
Change in Other Net Operating Assets | -38.98 | 115.19 | 349.27 | 134.57 | -36.58 | -9.42 |
Other Operating Activities | 87.23 | 9.09 | 20.41 | -101.85 | 317.83 | 104 |
Operating Cash Flow | 401.07 | 422.99 | 662.89 | 432.03 | 683.06 | 480.33 |
Operating Cash Flow Growth | -18.23% | -36.19% | 53.44% | -36.75% | 42.21% | 37.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -37.04 | -26.24 | -20.9 | -74.05 | -59.42 | -58.95 |
Cash Acquisitions | 189.29 | - | - | - | -34.04 | - |
Investment in Securities | -929.31 | -311.52 | -518.66 | 71.09 | -712.03 | -644.11 |
Net Decrease (Increase) in Loans Originated / Sold - Investing | 306.43 | 431.11 | 2,478 | 2,352 | 3,079 | 1,912 |
Other Investing Activities | 82.36 | 263.05 | 474.4 | -410.07 | - | -22.68 |
Investing Cash Flow | -388.28 | 356.4 | 2,413 | 1,939 | 2,273 | 1,186 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 1,393 | 30.65 | 761.18 | 1,302 | 1,948 |
Long-Term Debt Repaid | - | -2,616 | -3,645 | -3,606 | -4,339 | -3,684 |
Net Debt Issued (Repaid) | -845.07 | -1,223 | -3,614 | -2,845 | -3,038 | -1,736 |
Issuance of Common Stock | 1.91 | 1.88 | 1.95 | 1.78 | 1.63 | 1.47 |
Repurchase of Common Stock | -84.16 | -69.35 | -83.29 | -28.03 | -97.69 | -58.11 |
Common Dividends Paid | -46.33 | -42.99 | -40.84 | -39.42 | -36.61 | -34.46 |
Other Financing Activities | 1,139 | 596.04 | 566.53 | 207.45 | 377.77 | 396.97 |
Financing Cash Flow | 165.54 | -737.14 | -3,170 | -2,703 | -2,792 | -1,430 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -13.79 | 0.28 | -0.44 | 0.02 | -0.16 | -0.12 |
Net Cash Flow | 164.54 | 42.53 | -94.47 | -332.13 | 163.43 | 235.79 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 364.03 | 396.75 | 641.99 | 357.98 | 623.64 | 421.38 |
Free Cash Flow Growth | -26.66% | -38.20% | 79.34% | -42.60% | 48.00% | 78.71% |
Free Cash Flow Margin | 24.45% | 23.72% | 47.38% | 30.57% | 41.35% | 31.00% |
Free Cash Flow Per Share | 10.08 | 10.92 | 17.52 | 9.57 | 16.59 | 10.92 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 444.1 | 472.26 | 651.47 | 781.31 | 350.66 | 152.17 |
Cash Income Tax Paid | 45.88 | 68.86 | 15.24 | 47.59 | 57.71 | 18.66 |